The adjusted trial balance for yondel company at december 31, 2018 is presented below: accounts debit credit cash $ 8,000 prepaid rent 23,000 land 445,000 accounts payable $ 12,000 salaries payable 20,000 common stock 230,000 retained earnings 109,000 dividends 14,000 service revenue 340,000 salaries expense 160,000 rent expense 29,000 utilities expense 32,000 totals $ 711,000 $ 711,000 prepare the closing entries for yondel company for the year ended december 31, 2018.

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?